LKQ Corporation: Valuation To Stay Rangebound (Rating Downgrade)

Group 1 - The core investment thesis for LKQ Corporation (NASDAQ: LKQ) is a buy rating, driven by expectations of better-than-expected performance in the North American region and demand in Europe [1] - The investment strategy focuses on long-term investments while also incorporating short-term shorts to identify alpha opportunities [1] - The analysis is based on a bottom-up approach, emphasizing the fundamental strengths and weaknesses of individual companies [1] Group 2 - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]